Your employer may make you redundant (compulsory or voluntary). They may retire you on the grounds of business efficiency.
If you are a current member paying into the scheme, your pension is affected. It depends on your age and length of your membership in the scheme:
- if you are age 55 or over and have more than 2 years membership
- if you are under age 55 and have more than 2 years membership
- if you are any age and have less than 2 years membership.
We do not calculate your redundancy payment. Please contact your employer for information about this.
Fixed term contracts
You may be entitled to early retirement on the grounds of redundancy if:
- you are employed on a fixed term contract which ends
- the work you do has ended as well
- you are over age 55
- you have more than 2 years membership.
If you are employed on a fixed term contract which ends but the work continues, you cannot take early retirement on the grounds of redundancy. For example, if you are covering for sickness absence. If you think this may affect you, please speak to your employer.
You should ask your employer to request an estimate of your benefits from us. You can only request it through your employer as they need to give us your pay details. We use your pay details to calculate your estimated benefits. Your Annual Benefit Illustration provides an indication of your benefits, but an estimate is more detailed.
Kent County Council is the administering authority for the Kent Pension Fund. We have the policy that the Local Government Pension Scheme pension is not affected if a pensioner is re-employed with any employer.
The only exception is those:
- who retired before 2006, and
- received discretionary compensation added years from their employer.